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NEWS UPDATES Asean Affairs   January 14, 2019  




First quarter maritime trade reaches $5.9 bln


Myanmar’s maritime trade in the first quarter (Q1) of the current fiscal year has reached US$5.982 billion, an increase of $443 million compared with the corresponding period of the last FY, according to the Ministry of Commerce.

From 1 October to 28 December, maritime exports totalled $2.147 billion while imports stood at $3.835 billion. During the same period in the previous fiscal year, Myanmar’s trade via sea was pegged at $5.538 billion, with exports valued at $1.728 billion and imports registered at $3.810 billion, according to the Global New Light of Myanmar in a report 12 January.

Roughly 80 per cent of the country’s total trade is conducted through the maritime routes. According to data from the ministry, Myanmar’s maritime trade stood at $14.6 billion in the 2012-2013FY, $20.375 billion in the 2013-2014FY, $22.369 billion in the 2014-2015FY, $20.56 billion in the 2015-2016FY, $21.432 billion in the 2016-2017FY, and $25.019 billion in the 2017-2018FY. In the last six-month mini-budget period, the country shipped goods worth $14.231 billion via sea.

In the first quarter of this FY, Myanmar’s border exports reached $1.469 billion while imports stood at $665 million.

The trade authorities have been making efforts to boost external trade by promoting domestic production, according to the newspaper.



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AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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